FY2018 EPS Estimates for Wesco Aircraft Holdings Inc Increased by SunTrust Banks (WAIR)

Wesco Aircraft Holdings Inc (NYSE:WAIR) – Investment analysts at SunTrust Banks raised their FY2018 earnings estimates for Wesco Aircraft in a note issued to investors on Thursday. SunTrust Banks analyst M. Ciarmoli now forecasts that the aerospace company will post earnings of $0.74 per share for the year, up from their prior forecast of $0.68. SunTrust Banks also issued estimates for Wesco Aircraft’s Q4 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.23 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.00 EPS.

Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Thursday, February 8th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Wesco Aircraft had a positive return on equity of 7.17% and a negative net margin of 17.26%. The business had revenue of $363.10 million during the quarter, compared to the consensus estimate of $346.96 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue was up 7.0% on a year-over-year basis.

A number of other equities analysts have also recently issued reports on WAIR. BidaskClub cut shares of Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Longbow Research assumed coverage on shares of Wesco Aircraft in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price on the stock in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Wesco Aircraft currently has a consensus rating of “Hold” and an average price target of $9.30.

Wesco Aircraft (NYSE WAIR) opened at $8.35 on Monday. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $13.10. The stock has a market cap of $831.03, a PE ratio of -3.30, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58.

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Wesco Aircraft by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 661 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Wesco Aircraft by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock valued at $2,692,000 after purchasing an additional 2,141 shares during the period. Voya Investment Management LLC increased its stake in shares of Wesco Aircraft by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 5,376 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Wesco Aircraft by 13.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,400 shares of the aerospace company’s stock valued at $502,000 after purchasing an additional 6,500 shares during the period. Finally, Pzena Investment Management LLC increased its stake in shares of Wesco Aircraft by 0.5% in the third quarter. Pzena Investment Management LLC now owns 1,559,373 shares of the aerospace company’s stock valued at $14,658,000 after purchasing an additional 7,369 shares during the period. Institutional investors own 93.90% of the company’s stock.

In other news, EVP Declan O. Grant purchased 7,170 shares of the company’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of $6.94 per share, for a total transaction of $49,759.80. Following the completion of the purchase, the executive vice president now owns 70,760 shares of the company’s stock, valued at $491,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.30% of the company’s stock.

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Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

Earnings History and Estimates for Wesco Aircraft (NYSE:WAIR)

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